Nifty: Resistance 5717/5735/5777/5805/5817
Support 5696/5666/5630
Nifty witnessed a selloff post RBI policy & there revised expectation on higher inflation. For today, we may open gap up around 5717... if Nifty nifty sustains 5717-5735 range, then we may see some short covering towards 5777+ range. On lower side, Strong supp @ 5666-5630 acts as strong supp [closing basis]. Overall, we may see some stock specific movements, as today is last session of January series.
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